Hewlett Packard Enterprise acquires Zerto for USD374M

  • Hewlett Packard Enterprise (NYSE:HPE) has acquired Zerto for USD374M.
  • This acquisition expands HPE GreenLake and continues to deliver on HPE Storage's shift to a cloud-native, software-defined data services business.
  • Founded in 2009, Zerto is an industry leader in the growing data replication and protection and high-growth disaster recovery as a service (DRaaS) market.
  • The company plans to fund the acquisition through cash on its balance sheet.
  • The transaction is expected to contribute more than USD130M in run-rate revenue at software gross margins with approximately one-third of revenues incremental to HPE's as a service ARR.
  • The acquisition is also expected to be accretive to non-GAAP operating profit and earnings starting in FY2023.
  • The transaction is expected to close in 4Q21.
  • The data protection as a service market will grow from USD7.7B in 2020 to USD15.3B in 2024, representing a 19% CAGR. Zerto will be available aaS through HPE GreenLake and Data Services Cloud Console.

    Over the current book year the total revenue from the company in San Jose will be 27.79 billion USD (consensus estimates). This is slightly more than 2021's revenue of 26.98 billion USD.

    Historical revenues and results Hewlett Packard Enterprise plus estimates 2021

    aandelenanalyses

    The analysts expect for 2021 a net profit of 2.52 billion USD. The majority of the analysts expects for this year a profit per share of 1.89 USD. So the price/earnings-ratio equals 7.33.

    Huge dividend Hewlett Packard Enterprise

    Per share the analysts expect a dividend of 48 cents per share. Thus the dividend yield equals 3.46 percent. The average dividend yield of the hardware & equipment companies equals an attractive 1.61 percent.

    Hewlett Packard Enterprise's market value equals around 17.93 billion . 49

    Historical stock prices Hewlett Packard Enterprise

    stock prices hewlettpackardenterprise

    On Friday the stock closed at 13.86 USD.

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